New acquisitions for Acorns, SoFi, and Navan (TWIF 4/9)

China’s Yibin City Commercial Bank started the work for a $300 million Stock Exchange of Hong Kong IPO this year.

Acorns, the US micro-investing app which has attempted to cross the pond before, acquired UK digital banking for kids startup GoHenry for an undisclosed price. Acorns was last valued at around $2 billion, and GoHenry raised $55 million last year to buy its rival PixPay in France.

Wealth management firm Rathbones agreed to merge with wealth tech provider Investec to create a £100 billion business.

Tandem Bank, a UK sustainability-focused neobank, acquired social borrowing and lending network app Loop Money.

Corporate travel expense management provider Navan (fka Tripactions) valued at $9.3 billion, acquired its Indian rival Tripeur.

Fintech bank SoFi is getting into the home lending business via its acquisition of mortgage provider Wyndham Capital Mortgage.

Financial wellness app FinFit announced that it will merge with salary-linked savings and loan app Salary Finance US.

Norwegian KYC / ID company Verified acquired Swedish electronic signature platform Assently and is prepping for a fundraise.

Walmart-backed Indian payments giant PhonePe backed out of its planned acquisition of Indian BNPL provider ZestMoney.

Private equity fund Parthenon completed the acquisition of payment technology provider Global Payments’ gaming division.

Employee Navigator, a benefits, HR, and payroll firm, will acquireEase, a broker of HR solutions for small businesses.

Private equity firm KKR will acquire a stake in financial communications software provider FGS Global.

Swiss banking software Temenos is receiving new interest from many private equity firms for a potential buyout around the company’s market value of $5.3 billion.

Mastercard has reportedly put billing and payments fintech Transactis, which it acquired in 2019, up for sale, targeting a $100 million price.

Megabank Truist completed the sale of a minority share in its insurance business to private equity firm Stone Point Capital.

The FDIC commenced the marketing and sale process for the $60 billion loan portfolio of the failed Signature Bank.

Canada’s antitrust regulator is looking with renewed scrutiny at the bid of financial advisor Smith Financial Corp to acquire mortgage lender Home Capital Group for $1.3 billion.

Growth and venture capital firm Raine Group acquiredCode Advisors, a boutique investment bank.